August 9, 2010 4:32 PM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) gained 3.67% today, and closed at $47.95 on Monday. It traded higher on the strength in the real estate sector. Stocks like Simon Property Group, Inc (NYSE: SPG) and Kimco Realty Corporation (NYSE: KIM) gained 0.89% and 1.26% respectively.Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA) jumped 3.34% today, as the Russell 2000 Index added 1.36%. TNA closed at $44.80, and had a volume of 9.06M traded shares.iShares Dow Jones US Home Const. (ETF) (NYSE: ITB) added 2.86%, as D.R. Horton, Inc. (NYSE: DHI) added 4.34% after Deutsche bank upgraded this stock. Toll Brothers, Inc. (NYSE: TOL) also had a good trading session. TOL gained 2.73% today, and closed at $17.71.SPDR S&P Homebuilders (ETF) (NYSE: XHB) is also a bull ETF that tracks home builders. XHB traded 2.80% higher, and closed at $15.41. It had a volume of 5.05M traded shares.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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